AXT price to free cash flow AXTI

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 34.4×; Nov 2017
Peer median: 31.7×

AXT's price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Nov 2017, at 34.4×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2017	34.4×	18.8×	113×
2016	68.4×	67.0×	205×
2015	52.1×	40.4×	60.0×
2014	34.1×	31.1×	39.9×
2013	44.2×	5.3×	47.0×
2012	5.3×	5.2×	8.9×

Against its peers

Companies in Semiconductors nearest AXT's size, closest first, today.

Company	Price to free cash flow
AXTIAXT	n/m
ACMRACM Research	n/m
ACLSAxcelis Technologies	50.2×
PENGPenguin Solutions	n/m
OSISOSI Systems	12.8×
DIODDiodes	26.2×
KLICKulicke & Soffa Industries	96.5×
IPGPIPG Photonics	145×
ENPHEnphase Energy	27.4×
POWIPower Integrations	33.2×
VECOVeeco Instruments	30.2×
Peer median	31.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on AXT

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.